across the pacific to the u.s. reaching the west coast. japan declares a state of emergency at a nuclear plant as radiation levels surge. the area around it is evacuated. and the ring of fire. why this area of the pacific is so vulnerable to earthquakes. captioning sponsored by cbs from cbs news world headquarters in new york, this is the "cbs evening news" with katie couric. >> couric: good evening, everyone. it is saturday morning in japan. the sun is up and the extent of the catastrophe is becoming painfully clear. it's been nearly 24 hours since a powerful earthquake touched off a huge tsunami that swept across japan's east coast. the quake, a magnitude 8.9, was the fifth-largest in modern history. centered off japan's northeast coast, it was felt for 1,300 miles. very early reports say more than 400 people are dead. japan's kyoto news agency says the final number is expected to top 1,000. most of the victims drowned. nearly 1,000 are reported injured, more than 500 are missing. and four million homes and businesses lost power. the first estimate of the damage: $10 billion. that dama